Aatmaj Healthcare (NSE:AATMAJ) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2022)

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What is Aatmaj Healthcare LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Aatmaj Healthcare's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.04.

Aatmaj Healthcare's long-term debt to total assets ratio declined from Mar. 2020 (0.72) to Mar. 2022 (0.04). It may suggest that Aatmaj Healthcare is progressively becoming less dependent on debt to grow their business.

Aatmaj Healthcare LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aatmaj Healthcare's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aatmaj Healthcare LT-Debt-to-Total-Asset Chart

Aatmaj Healthcare Annual Data

Trend

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.72

0.34

0.04

Aatmaj Healthcare Semi-Annual Data
	Mar20	Mar21	Mar22
LT-Debt-to-Total-Asset	0.72	0.34	0.04

Aatmaj Healthcare LT-Debt-to-Total-Asset Calculation

Aatmaj Healthcare's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	7.249	/	171.962
	=	0.04

Aatmaj Healthcare's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (Q: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )	/	Total Assets (Q: Mar. 2022 )
	=	7.249	/	171.962
	=	0.04

Aatmaj Healthcare (NSE:AATMAJ) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Aatmaj Healthcare (NSE:AATMAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aatmaj Healthcare Ltd (NSE:AATMAJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sunpharma Ataladra Road, Jupiter Hospital, Opposite ICAI Bhavan, Vadodara, GJ, IND, 390012

Website

https://www.jupiterhospitalvadodara.com

Aatmaj Healthcare Ltd is a growing organization that aims at strengthening and establishing itself as the foremost healthcare services provider. The company strives to serve with its ultra-modern medicinal practices and infrastructure for medical as well as surgical care solutions. It aims towards continuous improvement of its healthcare facilities and to achieve the level of care and quality. It has a team of medical practitioners who ensures that patients get quality healthcare services.

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